GTS Securities LLC Sells 15,922 Shares of International Business Machines Co. (NYSE:IBM)

GTS Securities LLC lowered its position in International Business Machines Co. (NYSE:IBM - Free Report) by 63.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,308 shares of the technology company's stock after selling 15,922 shares during the period. GTS Securities LLC's holdings in International Business Machines were worth $2,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. JBR Co Financial Management Inc grew its position in International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. increased its stake in International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after acquiring an additional 40 shares during the period. Schechter Investment Advisors LLC boosted its stake in International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC boosted its position in International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares in the last quarter. Finally, Callan Capital LLC increased its holdings in shares of International Business Machines by 2.4% during the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after buying an additional 44 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM traded down $2.04 during trading hours on Wednesday, hitting $261.19. The company's stock had a trading volume of 743,731 shares, compared to its average volume of 4,197,797. The company has a market cap of $242.75 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 5.81 and a beta of 0.64. The business has a 50 day simple moving average of $245.65 and a two-hundred day simple moving average of $239.02. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $269.28. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. On average, equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.57%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $249.06.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.